Funding you earn now, next payment 06:00 UTC+0.6069%/8h= +664.5% APRpaid last 24h +0.817%
Price spread now: Kraken Futures against BingX+0.059%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$916as in the Funding arb table
Net, price: spread back to 7d avg − costs−$949as in the Price arb table
costs, in and out, $10k−$9419.414% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now +0.059%, 7d avg +0.132%
=Funding pays, the price is against you. Kraken Futures is 0.073% cheaper against BingX than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.132%). If the spread goes back, that is −$7 on $10k: about under an hour of funding at the current rate (+$182 a day). At the pace of the last 7 days (+0.255% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.255% in total (about 13.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CVX-USDT | 2.0200 | 0.0100 | pay 0.0050% / 4h | 2h 29m | — | $1.6M | — |
| Short | Kraken Futures PF_CVXUSD | 2.0212 | 0.6169 | get 0.0771% / 1h | 29m 42s | $117K | $100K | 10x |
BingX CVX-USDT
Kraken Futures PF_CVXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1,274.45
- Price spread: +0.059% → +0.132%
- −$7.31
- Slippage, 4 orders
- −$921.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $325.78
- Costs to cover
- 9.414%
- Break-even
- 5.2 days
Slippage from BingX: live order book, 12 min ago; Kraken Futures: live order book, 17 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 12 min ago | 7.38 bp | 26.6 bp −$27 | 78.1 bp −$781 | 585.1 bp −$58.5K | 1023.7 bp −$511.8K |
| Sell Kraken Futures live order book, 17 min ago | 16.16 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
CVX on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective CVX/USDC PERP | +0.0033% | 1h | 1.9790 | −2.030% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0190 | −0.050% | $1.7M | $2.6M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0207 | +0.035% | $1.7M | $755K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0200 | 0.000% | $244K | $315K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0170 | −0.149% | $68K | $23K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0180 | −0.099% | $2.0M | $503K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0180 | −0.099% | $762K | $83K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0180 | −0.099% | $610K | $132K | 25x | as long as short |
| BingX CVX-USDTlong | +0.0100% | 4h | 2.0200 | long leg | — | $1.6M | — | |
| Variational Omni CVX | +0.0100% | 4h | 2.0196 | −0.018% | $5K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDT | +0.0340% | 4h | 2.0170 | −0.149% | $82K | $149K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0485% / S −0.0194% | 1h | 2.0164 | −0.181% | $166K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDshort | +0.6169% | 1h | 2.0212 | +0.059% | $117K | $100K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]